OREANDA-NEWS. June 24, 2010. A meeting of the Board of Directors of Ingosstrakh OJSIC took place in Moscow. The participants of the meeting elected a chairperson; the audit and strategic planning committees and HR and remunerations committee were formed. In addition, a committee for preliminary review of materials for the meetings of the Board of Directors. Additionally, the Board of Directors heard a Report on the results of Ingosstrakh’s activities in the 1st quarter of 2010 and considered a number of other current issues.

Oleg Vikhansky, dean of M.V. Lomonosov High School of Business, doctor of economics and professor, became a Chairman of the Board of Directors of Ingosstrakh.

We should underline that the HR and remunerations committee develops and adjusts the HR policy of the company in the area of remuneration, motivation, salary, etc. The audit committee controls the company’s budget implementation, interacts with the company’s auditor and informs the Board of Directors and shareholders about the company’s financial status. The strategic planning committee develops proposals with regard to enhancement of the insurance company’s business efficiency and works out recommendations on the dividend policy and the adjustment and implementation of the company’s development strategy.